Bansal Wire Industries Limited , a manufacturer of steel wires, has announced the convening of its 41st Annual General Meeting on Thursday, September 17, 2026 at 12:00 noon (IST). The meeting will be held through video conferencing and other audio-visual means, with the deemed venue being the company's registered office at F-3, Main Road, Shastri Nagar, Delhi. Physical presence of members at the venue is not required.

Meeting details

The AGM covers the financial year ended March 31, 2026. The Annual Report for FY26 will be sent by email to members whose email addresses are registered with the Registrar and Share Transfer Agent or Depository Participants. Members who have not registered their email IDs will receive a physical communication containing the web-link and QR code to access the AGM notice and Annual Report 2025-26. Physical copies of the notice and annual report will be dispatched to shareholders who request the same by writing to investorrelations@bansalwire.com .

E-voting and participation

The company has appointed NSDL as the agency to provide the e-voting facility. Remote e-voting prior to the AGM and e-voting during the AGM will be available to all members to cast their votes on resolutions set out in the AGM notice. Detailed instructions for remote e-voting and participation through video conferencing will be provided in the AGM notice. Members holding shares in demat form are advised to register or update their email address, bank account, and other details with their respective Depository Participants.

The AGM notice and Annual Report will also be made available on the company's website at www.bansalwire.com , on the websites of BSE Limited and National Stock Exchange of India Limited, and on the NSDL e-voting website. The public notice regarding the AGM was published on August 19, 2026 in Financial Express (English, all editions) and Jansatta (Hindi edition) newspapers, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors of Bansal Wire Industries Limited approved the sub-division of its equity shares on a 5:1 basis, reducing the face value from ₹5 to ₹1 per share, during its meeting held on August 12, 2026. This corporate action aims to enhance share affordability and improve liquidity, facilitating broader investor participation. The move is subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for September 17, 2026.

In addition to the capital structure change, the Board appointed Ramesh Kumar Choubey as an Additional Director (Non-Executive, Independent Director) for a five-year term effective from August 12, 2026. Choubey, who brings over 33 years of experience in public administration and retired as Chief Commissioner of Income Tax, will serve until August 11, 2031, pending shareholder ratification. Concurrently, the Board accepted the resignation of Smt. Sunita Bindal as Independent Director, effective close of business on August 12, 2026, citing personal and professional commitments.

Share Capital Restructuring

The approved split involves converting each existing ₹5 face value equity share into five ₹1 face value shares. The company's authorized share capital will remain at ₹90 crore, but the number of authorized equity shares will increase from 17.8 crore to 89 crore. The issued, subscribed, and paid-up share capital will similarly expand from approximately 15.66 crore shares to 78.28 crore shares. The preference share capital remains unchanged at 10 lakh shares of ₹10 face value each.

The record date for the split will be determined after obtaining necessary shareholder and regulatory approvals. The company expects to complete the process within two months of these approvals. The alteration to the Capital Clause of the Memorandum of Association has been approved to reflect this new structure.

Directorship Changes

Ramesh Kumar Choubey's appointment strengthens the Board's governance oversight. He currently serves as an Independent Director at J. Kumar Infraprojects Limited and has held key positions at the Indira Gandhi National Centre for the Arts and the National Academy of Direct Taxes. He is not related to any existing director of Bansal Wire Industries.

Smt. Sunita Bindal, who joined the Board in November 2023, confirmed there are no material reasons for her resignation other than those stated in her letter dated August 11, 2026. She does not hold directorships in any other listed entities.

What the Numbers Show

The 5:1 split significantly lowers the nominal entry price for investors without altering the company's market capitalization or individual shareholder value proportionally. By increasing the share count nearly fivefold, the company aims to improve trading liquidity and broaden its retail investor base. The simultaneous appointment of an experienced independent director with a strong regulatory background suggests a focus on enhanced corporate governance alongside this capital market maneuver.